OKEx Clarifies Alleged Arrest of CEO: No Connection With Crypto WFEE [CCN]

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On September 11, photographs of Star Xu, the founder and CEO of OK Group, the parent company of crypto exchange OKEx, being investigated by Shanghai police circulated around online cryptocurrency communities.

CNLedger, a trusted news source in the Chinese cryptocurrency community, reported that Xu was investigated by police officers in Shanghai after investors submitted complaints regarding a local cryptocurrency called WFEE. Investors claimed that Xu was a shareholder of WFEE and involved in the process of releasing the WFEE coin to the market.

Full Story: https://www.ccn.com/okex-clarifies-alleged-arrest-of-ceo-no-connection-with-crypto-wfee/